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Front Page » Breaking News » Financial sector loses jobs, rising interest rates pressure banks

Financial sector loses jobs, rising interest rates pressure banks

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Written by on March 16, 2021

Financial sector loses jobs, rising interest rates pressure banks

Miami-Dade’s banking and finance sector last year suffered job losses for the first time since the Great Recession. Some jobs may never return, but experts say others will rebound alongside new roles born from a tech-driven industry overhaul and a rush of big-ticket businesses to South Florida.

Job numbers in the financial activities sector here fell from 83,200 jobs in December 2019 to 82,300 jobs in December 2020, according to the US Bureau of Labor Statistics. That 1% dip could be a harbinger of losses to come, as preliminary figures on the bureau’s site show the sector losing another 2,200 jobs in January.

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